Denver Crossroads is headed by Phelps Development, the development arm of Hensel Phelps, based in Greeley, and one of the largest general contractors based in the state. That team also included Denver developer Bill Mosher and Trammell Crow. The second drop out, Forest City, is currently developing Stapleton, among other large projects in the Denver area.
"Forest City did not say anything in writing, but clearly they have got a lot of other big projects going on," Liz Orr, head of the selection team for the development, tells GlobeSt.com. "The same thing is true with Denver Crossroads. They said in a letter that they had to make a resource-allocation decision."
One of the final teams remaining is Cherokee Investment Partners, LLC. That team includes: Dakota Ridge Development, LLC; New Boston Fund; Sage Hospitality Resources; and Williams Jackson Ewing. Also on the team are Buchanan Yonuschewski Group and Kohn Pederson Fox. Cherokee is in charge of cleaning up the pollution at the former Gates property site at Broadway and Interstate 25.
The other team is headed by Denver-based Continuum Partners and East West Partners. Also on the team are Aecom, DMJM Harris; Kiewit Construction; and Skidmore, Owings & Merrill. Continuum, in addition to other projects, is developing the $750-million Belmar, a mixed-use development that is serving as the downtown for Lakewood. East West Partners is developing the $1-billion Riverfront Park mixed-use development in the Central Platte Valley behind Union Station.
As part of the next step in the process, the remaining teams must give more details of their development visions and expectations for the Denver Union Station site. Each proposal must include an estimated financial plan and an offer to acquire development rights. The selection committee expects to name a master developer in September 2006.
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